Report
Michael Wu
EUR 100.00 For Business Accounts Only

DBS Group Is Leveraged for Regional Growth in Greater China and Southeast Asia

There is no change to our long-term thesis after our latest meeting with Singapore banks. We continue to see the three Singapore banks as benefactors of long-term growth regionally. Our forecasts and fair values remain unchanged, ahead of the first-quarter result because we have factored in an increase in net interest margins and mid-single-digit loan growth. With resilient resilient economic conditions, we expect non-performing loans and credit costs to be benign. A slight uptick is expected co...
Underlying
DBS Group Holdings Ltd

DBS Group Holdings is an investment holding, treasury and funding vehicle for itself and its subsidiaries. Co.'s main subsidiary is DBS Bank Ltd, which is engaged in a range of commercial banking and financial services, principally in Asia. Co.'s various business segments are: Consumer Banking/ Wealth Management, which provides individual customers with a range of banking and related financial services; Institutional Banking, which provides financial services and products to institutional clients; as well as Treasury, which provides treasury services to corporations, institutional and private investors, financial institutions and other market participants.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Michael Wu

Other Reports on these Companies
Other Reports from Morningstar

ResearchPool Subscriptions

Get the most out of your insights

Get in touch